I initiated this mortgage in middle of 2018.

Covet your thoughts. https://www.zillow.com/homedet...Purchase 105kDownpayment 25%Interest rate 4.2%Initial repairs/updates 5kWill need new AC and roof within 5 yrsRent 1100-1200 (sought after school district)

did you get the promised return on your investment beyond the initial 8% or whatever that might have been 'guaranteed'?

It is in an up and coming neighborhood in Indianapolis and I couldn't be more thrilled to initiate my first attempt at a BRRRR. 

Thanks everyone for the initial feedback.

So this could be a combination of “place for her to live initially, rental in a few years when she buys her own place, inheritance down the road”. 

@Bryan Devitt that 10k is after subtracting the initial downpayment and 20k for rehab costs (doing the work myself) Using the 5%down/5%interest I would be at 28k after subtracting the initial investment.

Based on the awesome input I got here from everyone, I've updated my CapEx and Repair model - takes into account lifespan over 30 years, and if the age is within 85% of its lifespan, it puts the cost in the replace column, and automatically reduce the capex lifespan cost by the initial replacement cost, otherwise it just takes the replacement cost per year over the span of 30 years. 

Richmond REI, RING, Richmond Real Estate investing, Deal maker session, & more!!

Expect more than $1k on initial repairs.